Finsys Infotech Limited
TB-06,Third Floor, Crown Plaza Mall,
Sec- 15A, Main Mathura Road,
Faridabad, Haryana 121007
India
ph: 9015220220-Extn 3
Corporat
Short Summary
1) Transporters now have option, 12% GST with ITC and 5% GST without ITC
2) Yes you can take 100% Modvat of their GST in both cases
3) Do not waste this GST…..
4) If somebody says elsewise, guide him
Benefit ?
If you are a Manufacturer of Automobile Parts, or Packaging products, or anything else. And suppose your Turnover is say Rs 50 Crores p.a.There are reasonable chances that you can generate this Rs 10 lakhs benefit legally.
We suggest that you "Do not waste this" under any circumstances.
for details click to see the I-am-SME-of_India E-Circular dated 6th August 2017, ( 1 PDF file - attached 1.2 MB) - 8 pages of knowledge
The Circular includes the Screenshots of the Finsys ERP Software,
What to do in the three cases of transporters
a) Unregistered + 5% RCM
b) Registered + 5% RCM
c) Registered + 12% Forward Charge
Remember that all three are different conditions and must be entered differently in your GST Returns 1 and 2
Also for GST R3.
So, must read the information being dessimated
Finsys ERP for Mid corporates, and SME's. Based on Oracle Technology, 11g & 12c. Based in New Delhi, ERP all over India, ( 31 States and UT currently), and to some companies in Europe, USA, Asia and Africa
Copyright 2017 Finsys Infotech Limited.
All rights reserved.
Pls access: www.finsys.co.in, for our current new website
Finsys Infotech Limited
TB-06,Third Floor, Crown Plaza Mall,
Sec- 15A, Main Mathura Road,
Faridabad, Haryana 121007
India
ph: 9015220220-Extn 3
Corporat